Tuesday, August 12, 2008

Inline-JA Solar swings to loss as its boosts output ; Guides Higher(JASO)

I don't think the guidance will be enough.
From Reuters:

... Net loss was 1 cent per American depositary share versus a profit of 8 cents per ADS a year ago.

From the Company:

...2008 Outlook

  • Reiterate full year 2008 guidance with revenue in the range of RMB 7.22 billion (US$1.05 billion) to RMB 8.02 billion (US$1.17 billion) and gross margin in excess of 20%
  • Update 2008 production guidance with output in the range of 340MW to 350MW and annual capacity in the range of 500MW to 600MW by the end of 2008

2009 Outlook

  • Establish full year 2009 guidance with revenue in the range of RMB 13.6 billion (US$2.0 billion) to RMB 15.0 billion (US$2.2 billion) and gross margin in excess of 20%
  • Expect 2009 production output in the range of 650MW to 750MW and annual production capacity to exceed 1GW by the end of 2009